A 17-unit cluster development in Queenstown’s dress circle is thought to be the resort’s largest-scale residential development since the downturn.
The resource consent for what’s known as “22 Hallenstein” – on the central Queenstown street of the same name – came through late last month and a sales campaign is now under way, co-developer Tim Medland says.
Unlike other complexes sold in advance off the plans during the go-go years, 22 Hallenstein isn’t contingent on pre-sales, he stresses – all the finance is in place and construction will be completed in late 2013.
The total built cost will be about $5 million and the design comes from the drawing board of local architect Maurice Orr.
The accommodation options range from one- and two-bedroom mews-style units to a collection of two- and three-bedroom courtyard or garden apartments – all capped off by four swanky penthouses on the top two floors.
The 160sq m penthouses will feature three bedrooms, an office, 50sq m of private terrace, lifts – and Queenstown Bay views to die for, naturally.
All units have either a single carpark space or garage plus a storage area for skis, mountain bikes and other gear.
Asking prices run from $295,000 to $1.17 million.
English-born Medland, 49, has lived here for 25 years and was principal property salesperson at Millbrook Resort for a decade.
Medland’s partnered in 22 Hallenstein by Frenchman Francois Beziac, 51, who came to Queenstown 18 months ago after 17 years in development and real estate in the South of France.
This is Beziac’s first New Zealand development.
Although Medland is a registered real estate agent himself, the developers have contracted Ray White Queenstown for their sales campaign.
“Ray White has a bigger marketing reach and a larger structure,” Medland says.
Unlike some other developers, Medland singles out the Queenstown council’s urban design panel for special praise.
“They really helped us through the process,” he says.
“The reason we’ve come up with such a good design is in no small part due to their input and advice,” Medland